In a groundbreaking moment for the NFT industry, a digital collectible featuring Milwaukee Bucks power forward Giannis Antetokounmpo sold for an unprecedented $187,000. The NFT sold for 113.9 ETH in a record auction at the Sister NBA platform, surpassing Anthony Davis’ previous top NFT sale by over $62,000.
Sorare NBA, which started in October and has a total business volume of more than $545 million, is part of a growing trend of athletes using NFTs to connect with fans and earn money from their personal brands. While the Giannis Antetokounmpo NFT sale pales in comparison to the athlete’s physical trading card record of more than $1.8 million for an autographed rookie card, it’s still a significant achievement for the Sorare NBA.
🚨 24 hours left to bid on Giannis’ unique card (1/1)! 🚨
The time is finishing. Access the Market NOW! ➡️ https://t.co/ub9pAX7cLu pic.twitter.com/2IUPAzblKw
—SorareNBA (@SorareNBA) February 4, 2023
The Rise of NFTs: NBA Top Shot and Sorare Breaking Records
Giannis Antetokounmpo, known for his MVP awards and dynamic playing style, has proven to be not only a commanding force on the court, but also a fan favorite around the world. The recent sale of his NFT shows not only how popular he is, but also how NFTs are becoming more popular in the worlds of sports and collectibles.
In recent years, platforms like NBA Top Shot and Sorare have brought NFT technology to the forefront, offering fans unique and exclusive video highlights of their favorite players. Running on the Flow blockchain, Dapper Labs’ NBA Top Shot video collectibles platform has become the go-to platform for basketball fans, with over $1 billion in secondary market sales .
Starting as a fantasy football game with NFTs, Sorare has since expanded to other major sports leagues, including the NBA and MLB. With its partnership with the NBA in October 2022, its success highlights the growing popularity and potential of NFTs, and it will be interesting to see how the market continues to evolve and reach new heights in the years to come.
They want more? Connect with NFT Plazas
Join the weekly newsletter
join our discord
Follow us on Twitter
Like us on facebook
Follow us on Instagram
*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
NFT and Web3 Ambassador. Bullish on everything related to Blockchain.
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
